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STUDIO ATAO Co.Ltd., First Half Ordinary Profit Increases by 83%, June-Augus Ordinary Profit Turns to Profit

Wed Oct 9, 2024 4:00 pm JST Earnings

3550 STUDIO ATAO Co.Ltd. 【J-GAAP】

Earnings Report

STUDIO ATAO Co.Ltd. <3550> [TSE-G] announced its financial results after the market closed on October 9th (16:00). The ordinary profit (non-consolidated) for the cumulative second quarter of the fiscal year ending February 2025 (March to August) expanded to 86 million yen, an increase of 83.0% compared to the same period last year. The progress rate against the 150 million yen full-year plan was 57.3%, also surpassing the progress rate of 38.5% from the same period of the previous year.

Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the ordinary profit for the September to February period (second half) is expected to decrease by 14.7% from the same period last year to 64 million yen.

In the most recent three-month period, from June to August (2Q), the ordinary profit/loss turned to a profit of profit of 29 million yen (compared to a loss of 5 million yen in the same period last year). The operating profit/loss margin significantly improved from -0.7% in the same period last year to 4.1%.

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Actual Results

Accumulated Results 2nd Quarter
Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Progress Rate vs. First Half Announce Accounting Standards
Mar - Aug, 2022 1,980 58 57 27 2.0 Oct 12, 2022 J-GAAP
Mar - Aug, 2023 1,451 49 47 26 1.9 38.5 Oct 13, 2023 J-GAAP
Mar - Aug, 2024 1,603 85 86 43 3.2 57.3 Oct 9, 2024 J-GAAP
YoY +10.5% +73.5% +83.0% +65.4% +68.4%

First Half Results vs. Previous Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar - Aug, 2024 Guidance 0 Apr 12, 2024 J-GAAP
Mar - Aug, 2024 Results 1,603 85 86 43 3.2 0 Oct 9, 2024 J-GAAP
Revision Rate

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Sep - Feb, 2023 1,790 74 75 24 1.8 5 Apr 12, 2024 J-GAAP
Sep - Feb, 2024 Guidance 1,897 65 64 27 2.0 5 Oct 9, 2024 J-GAAP
YoY +6.0% -12.2% -14.7% +12.5% +11.4%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Feb, 2023 3,709 -256 -245 -228 -16.3 5 Apr 12, 2023 J-GAAP
Feb, 2024 3,241 123 122 50 3.7 5 Apr 12, 2024 J-GAAP
Feb, 2025 Guidance 3,500 150 150 70 5.1 5 Apr 12, 2024 J-GAAP
YoY +8.0% +22.0% +23.0% +40.0% +38.6%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jun - Aug, 2023 605 -4 -5 -9 -0.7 -0.7 Oct 13, 2023 J-GAAP
Sep - Nov, 2023 706 12 12 11 0.8 1.7 Jan 12, 2024 J-GAAP
Dec - Feb, 2023 1,084 62 63 13 1.0 5.7 Apr 12, 2024 J-GAAP
Mar - May, 2024 863 55 57 33 2.4 6.4 Jul 10, 2024 J-GAAP
Jun - Aug, 2024 740 30 29 10 0.7 4.1 Oct 9, 2024 J-GAAP
YoY +22.3%

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